Originally Posted by
mngmt mole
The likelihood of another fuel hedging debacle is high, and I suspect that they will soon have to declare such. There is NO way CX will emerge from this episode as the same airline it was going in.
Yes, this is bailout territory now. Was heartening to hear rumours of the ease of credit available recently. But if its paying off a bad fuel hedge bet, rumours of a government intervention requirement plausible and where will Air China play out?
The intent of a more rapid transfiguration of Hong Kong, aided by a crisis, will have implications for a highly visible flagship.